VP Jackson sold $114K at $711.61, just 0.9% below the 90-day high, reducing his stake by 1.8%. This first-time sale joins four other recent CMI insider sales, creating a bearish cluster pattern despite mixed analyst coverage.

Where it could go — Analyst mean target unavailable; bear case if stock breaks below $586 support level.

VP Jackson sold $114K at $711.61, just 0.9% below the 90-day high, reducing his stake by 1.8%. This first-time sale joins four other recent CMI insider sales, creating a bearish cluster pattern despite mixed analyst coverage.

Where it could go — Analyst mean target unavailable; bear case if stock breaks below $586 support level.

EVP & President - Operations Bonnie J. Fetch filed a Form 4 Code S (open-market sale) for $452K, liquidating 100% of her holdings. This is the insider's first and only recorded transaction, with no prior buy or sell history. The sale occurred at $702.66, 37.8% above the 90-day low, with analyst consensus mixed (16 buy, 12 hold).

Where it could go — If the pattern of complete officer exits holds, the bear case is supported; the bull case requires the stock to hold above the recent 30-day low of $586.49.

VP & President - Power Systems Jennifer Bush filed a Form 4 Code-S sale of 480 shares at $698.38, a $335K transaction reducing her stake by 2.8%. This is her first-ever SEC filing, with zero prior Code-P buys or Code-S sells on record. The sale occurred 2.7% below the 90-day high, and the analyst consensus is mixed with 16 buys and 12 holds.

Where it could go — If the bearish thesis holds, the mixed analyst consensus offers no clear directional bias; the setup is invalidated if the stock breaks above the $718.08 90-day high.

VP & President - Power Systems Jennifer Bush filed a Form 4 Code-S sale of 480 shares at $698.38, a $335K transaction reducing her stake by 2.8%. This is her first-ever SEC filing, with zero prior Code-P buys or Code-S sells on record. The sale occurred 2.7% below the 90-day high, and the analyst consensus is mixed with 16 buys and 12 holds.

Where it could go — If the bearish thesis holds, the mixed analyst consensus offers no clear directional bias; the setup is invalidated if the stock breaks above the $718.08 90-day high.

VP & President - Power Systems Jennifer Bush filed a Form 4 Code-S sale of 480 shares at $698.38, a $335K transaction reducing her stake by 2.8%. This is her first-ever SEC filing, with zero prior Code-P buys or Code-S sells on record. The sale occurred 2.7% below the 90-day high, and the analyst consensus is mixed with 16 buys and 12 holds.

Where it could go — If the bearish thesis holds, the mixed analyst consensus offers no clear directional bias; the setup is invalidated if the stock breaks above the $718.08 90-day high.

VP & President - Power Systems Jennifer Bush filed a Form 4 Code-S sale of 480 shares at $698.38, a $335K transaction reducing her stake by 2.8%. This is her first-ever SEC filing, with zero prior Code-P buys or Code-S sells on record. The sale occurred 2.7% below the 90-day high, and the analyst consensus is mixed with 16 buys and 12 holds.

Where it could go — If the bearish thesis holds, the mixed analyst consensus offers no clear directional bias; the setup is invalidated if the stock breaks above the $718.08 90-day high.

VP & President - Power Systems Jennifer Bush filed a Form 4 Code-S sale of 480 shares at $698.38, a $335K transaction reducing her stake by 2.8%. This is her first-ever SEC filing, with zero prior Code-P buys or Code-S sells on record. The sale occurred 2.7% below the 90-day high, and the analyst consensus is mixed with 16 buys and 12 holds.

Where it could go — If the bearish thesis holds, the mixed analyst consensus offers no clear directional bias; the setup is invalidated if the stock breaks above the $718.08 90-day high.

V.P & Pres. - Engine Business Merritt Brett Michael executed a Code-S open-market sale of 701 shares at $688.75, reducing his stake by 6.3% with a $483K transaction value. This represents his first recorded Form 4 filing and first open-market transaction on CMI. The sale occurred with CMI trading 3.3% below its 90-day high of $718.08, following four other bearish insider signals filed the previous day.

Where it could go — If this first-time officer sale pattern holds historically, bearish momentum could continue toward the $586.49 30-day low; the thesis would be invalidated if CMI reclaims the $718.08 90-day high.

EVP & President Bonnie Fetch executed a Code-S open-market sale of 652 CMI shares at $700.19, reducing her stake by 5.3% with $457K in proceeds. This marks her first-ever Form 4 filing and occurs alongside four other bearish CMI signals filed on May 10th. The transaction price sits 36.1% above the 90-day low of $510.05, with analyst consensus mixed at 16 buy and 12 hold ratings.

Where it could go — If this first-time officer sale pattern holds, the bear case requires CMI to break below the $510.05 90-day low to confirm downside momentum.

VP - China ABO Nathan Stoner executed a Code-S open-market sale of 607 shares at $694.06, reducing his stake by 6.0% with $421K in proceeds. This marks Stoner's first recorded Form 4 transaction and follows four other recent bearish CMI signals from May 10th. The sale occurred 3.3% below the 90-day high while analyst consensus remains mixed with 16 buy and 12 hold ratings.

Where it could go — If this first-time officer Code-S sale pattern holds, the bear case requires the stock to break below the $586.49 30-day low; invalidated if CMI reclaims the $718.08 90-day high.

Form 4 Code S (open-market sale) by Boakye Marvin, VP of CHRO at Cummins (CMI), disposed of 240 shares at $682.62 on 2026-05-08, reducing holdings by 2.0% ($164K notional value). This is the insider's first Form 4 filing on record—no prior Code-P buys or Code-S sales exist, eliminating any historical pattern or conviction signal from repeat behavior. The transaction occurred at mid-range pricing (33.8% above the 90-day low of $510.05, 4.9% below the 90-day high of $718.08) with no concurrent officer buying cluster and no upcoming earnings catalyst; analyst consensus is mixed (16 buy / 12 hold / 0 sell across 28 analysts).

Where it could go — Without prior trading history or cluster confirmation, this sale carries minimal directional signal; if the stock holds above the $581 30-day low and the mixed analyst consensus (mean target not provided) holds, the mid-range exit suggests neither urgency nor conviction—invalidated only if the stock breaks below $510.05 (90d low) or rallies >10% above $750 within 90 days.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, executed a Code-S transaction, selling 280 shares at $685.63 for $192K, reducing her stake by 1.7%. This marks her first recorded Form 4 transaction, with no prior Code-P or Code-S filings. The sale occurred at a price point 4.5% below the 90d high, with no upcoming earnings catalysts and a mixed analyst consensus.

Where it could go — If this setup plays out historically, the lack of prior insider activity limits predictive power; bear case requires the $510.05 90d low to break.